Big news in the world of cryptocurrency! This week wasn't great for many digital coins. Think of it like a rollercoaster ride that went down instead of up.
- Bitcoin (BTC), the biggest cryptocurrency, dropped below $79,000 – that's a big fall!
- XRP and Dogecoin (DOGE) also went down by more than 10%.
- Other important cryptocurrencies like Ethereum (ETH) and Cardano (ADA) also lost value.
- The total value of all cryptocurrencies dropped too.
| Cryptocurrency | Price Change |
|---|---|
| Bitcoin (BTC) | Down 7% |
| XRP & Dogecoin (DOGE) | Down over 10% |
| Ethereum (ETH), Cardano (ADA), BNB | Down at least 9% |
This happened partly because of new taxes on goods from China. This could affect the global economy and impact crypto prices. Some people think Bitcoin might go even lower before it goes up again. It’s important to remember that investing in cryptocurrency can be risky!
